LOS ANGELES, Jan. 13, 2017 /PRNewswire/ -- B. Riley &
Co., LLC (B. Riley), a full service investment bank and a
wholly-owned subsidiary of B. Riley Financial,
Inc. (NASDAQ: RILY), is acting as the sole underwriter in a
secondary offering (the "Offering") of 2.85 million
shares of common stock of Ooma, Inc. representing shares held
by entities affiliated with Worldview Technology Partners. Ooma
will not receive any of the proceeds of the transaction.
The Offering priced 2.85 million shares of common stock at a
public offering price of $8.65 per share resulting in gross
proceeds of approximately $24.6M to
the selling stockholders. In addition, the selling stockholders
have granted B. Riley the option to purchase up to 425,000
additional shares. The Offering is expected to close on
January 19, 2017 subject to the
satisfaction of customary closing conditions.
About Ooma, Inc.
Founded in 2004, Ooma,
Inc. (NYSE:OOMA) creates new communications experiences for
small businesses and consumers. Its smart platform serves as a
communications hub, which offers cloud-based telephony and other
connected services. Ooma combines PureVoice HD call quality and
innovative features with mobile applications for reliable anytime,
anywhere calling. The company has been ranked the No. 1 home phone
service for overall satisfaction and value for five consecutive
years by the leading consumer research publication. Ooma is also
partnering with connected device makers to create smarter offices
and homes. Ooma is available in stores and online from leading
retailers. For more information about Ooma, please visit
www.ooma.com
About B. Riley & Co.
B. Riley & Co.,
LLC is a leading investment bank which provides corporate
finance, research, and sales & trading to corporate,
institutional and high net worth individual clients. Investment
banking services include initial, secondary and follow-on
offerings, institutional private placements, and merger and
acquisitions advisory services. The firm is nationally recognized
for its highly ranked proprietary equity
research. B. Riley & Co., LLC is a member
of FINRA and SIPC.
B. Riley Financial, Inc. (NASDAQ: RILY) provides
collaborative financial services and solutions through several
subsidiaries, including: Great American Group, LLC, a leading
provider of advisory and valuation services, asset disposition and
auction solutions; B. Riley Capital Management, LLC,
an SEC registered Investment Advisor, which includes B.
Riley Asset Management, a provider of investment products to
institutional and high net worth investors, and B. Riley Wealth
Management (formerly MK Capital Advisors), a multi-family
office practice and wealth management firm focused on the needs of
ultra-high net worth individuals and families; and Great
American Capital Partners, a provider of senior secured loans and
second lien secured loan facilities to middle market public and
private U.S. companies. B. Riley Financial,
Inc. is headquartered in Los Angeles with offices in
major financial markets throughout the United
States and Europe. For more information
on B. Riley Financial, Inc., please
visit www.brileyfin.com.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
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SOURCE B. Riley & Co., LLC